"I don't think the proposal of Union Finance Minister P Chidambaram in bringing FDI in retail and insurance sector to 49 per cent from existing 26 per cent will find its passage in the ensuing winter session of the Parliament as it will be opposed tooth and nail by the opposition," he told a press conference here.
"Even the Standing Committee on Finance has opposed 49 per cent FDI in insurance sector and pension as it will be against the interest of the country," Sinha said.
Accusing the UPA government of diverting attention of the people from corruption and inflation related issues, Sinha said price rise on all items had hit the people hard.
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